Bitcoin (BTCUSD) is looking good on the 4H timeframe.
We can see that a new ATH was hit yet prices remain consolidating near resistance.
The longer a resistance level is challenged the weaker it becomes.
The trading volume is really low, which signals neutral/sideways or a continuation.
BTCUSD is sitting above EMA10, EMA50, EMA300/MA200. This is good.
The indicators are looking good and favoring the bulls.
It is likely that Bitcoin will try and challenge $50,000 next.
What do you think?
Make sure to hit LIKE!
Namaste.
We can see that a new ATH was hit yet prices remain consolidating near resistance.
The longer a resistance level is challenged the weaker it becomes.
The trading volume is really low, which signals neutral/sideways or a continuation.
BTCUSD is sitting above EMA10, EMA50, EMA300/MA200. This is good.
The indicators are looking good and favoring the bulls.
It is likely that Bitcoin will try and challenge $50,000 next.
What do you think?
Make sure to hit LIKE!
Namaste.
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lamatrades.com (Since 2017)
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